Bitcoin price sustainability looks on track

in #bitcoin8 years ago (edited)

I have long believed that while BTC price is obviously hugely important, the key upstream variable that will determine the long-term success of BTC is the hash rate. In that regard, it is gratifying to see that the hash rate has so far stayed stable, maybe even increased a little, post halving.

https://blockchain.info/charts/hash-rate

Another article that touches on the criticality of the hash rate while looking at the halving via a wider lens

http://www.coindesk.com/bitcoin-halving-2016-what-to-expect-traders-miners/

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It will fly up again in a few weeks once the S9s start arriving ;)

My guess is the big move will occur closer to the end of the year..

we will see :)